Prospects for ASEAN-China Free Trade Area: A Qualitative and Quantitative Analysis
Park, Donghyun; Park, Innwon; Estrada, Gemma Esther B. | July 2009
Abstract
The current global financial and economic crisis is giving new life to initiatives that promote closer economic integration among East Asian countries. A significant example is the ASEAN–China Free Trade Area (ACFTA), which is set to come into effect around 2010. ACFTA aims to boost trade between two economies that are partners as well as competitors: ASEAN and China. In the present paper, we use insights from customs union theory in a qualitative analysis considering whether ACFTA would benefit both sides. We also apply a computable general equilibrium model to perform a quantitative analysis of the same issue. Both our qualitative and quantitative analyses provide grounds for guarded optimism regarding ACFTA's prospects as a vehicle for strengthening the economic partnership between ASEAN and China.
Citation
Park, Donghyun; Park, Innwon; Estrada, Gemma Esther B.. 2009. Prospects for ASEAN-China Free Trade Area: A Qualitative and Quantitative Analysis. © Wiley. http://hdl.handle.net/11540/4275.Keywords
Economic Crisis
Economic Efficiency
Economic Policies
Regional Economic Development
Job Evaluation
Evaluation
Crisis
Unemployment
Economic cooperation
Gross domestic product
Employment
Economic forecast
Financial crisis
Labor economics
Regional economics
Turnover
Economic survey
Job analysis
Labor turnover
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